A 10 percent drop in the value of the US Dollar

[SHRED]

Since he assumed power.

Why is this not headline news?

[AJT]

1. It's kind of an odd thing. Doesn't a drop in the value of the US dollar make US made goods

cheaper over seas? So is it good for exports?

[Warpy]

2. That's true, but it also makes imported goods more expensive

and we import so much stuff, from shoes to cloth to car parts, that it's soon going to be felt as a big jump in inflation.

[rufus dog]

3. yes

as for imports, it is bad.

[Hoyt]

4. I'm thinking it may be a good thing, at least short-term. But depends on one's situation.

And Trump has no plan, so he can screw up the decent economy handed to him by Obama with a little time or unnecessary war.

[defacto7]

5. Wouldn't a drop in the dollar mean an equal increase

of the national debt? That makes the US a bad investment.

[Hieronymus]

6. It sure makes foreign travel more expensive.

[DFW]

7. One reason

The dollar gained nearly ten per cent on the euro after the results of the election were announced, confounding just about everyone in Europe, including me. It is just giving back gains that were difficult to explain in the first place.

Now, I'm paid in dollars, but live in the Euro zone, so I took a ten per cent cut in my take home pay since March. I'm not thrilled about it, but for about 5 months, life was relatively cheap for me over there. I say relatively because in Germany, I pay an effective rate of between 51% and 90% (on income where the Germans ignore the double taxation treaty and practice Enteignung) of my income in taxes with no pension consideration and get zero health insurance (I was allowed to buy in for $35,000 a year--no thanks).

[AJT]

8. It must depend on your circumstances. My brother is a US citizen and works in Germany.

He works for SAP. He is treated like any German and gets healthcare and retirement and is taxed only by Germany.

[DFW]

9. It definitely depends on the circumstances. SAP is a German employer

Mine is in the USA and pays me there. The Germans make me pay the taxes but give none of the benefits. The USA is one of 3 countries in the world that do not recognize residence-based taxation. Last year, I was talking to Russ Feingold, of all people, who wanted to introduce legislation to bring the USA in line with most of the rest of the world, but last summer everyone assumed he would be back in the Senate by now. No such luck.

My younger daughter works in Frankfurt for the German arm of an American law firm, but as they are considered a German employer, she gets the benefits of a German employee in Germany. She is also a German citizen, which helps.

[AJT]

10. I campaigned for Russ. It's such a disappoint that this state sent Johnson back.